ISTANBUL: Oil prices rose on Monday due to concerns about an escalating conflict in the oil-rich Middle East, reported Anadolu.International benchmark Brent crude traded at US$80.67 per barrel at 09.51 am local time (0651 GMT), an increase of 0.49 per cent from the closing price of US$80.28 per barrel in the previous trading session.The American benchmark West Texas Intermediate (WTI) traded at US$77.50 per barrel at the same time, a 0.44 per cent rise from the previous session that closed at US$77.16 per barrel.Both benchmarks started the week with upward movements following an attack in the Israeli-occupied Golan Heights.Despite ceasefire negotiations, escalating geopolitical tensions in t
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